Solutions
The UK’s HM Revenue & Customs (HMRC) has designated the Gibraltar Stock Exchange (GSX) as a recognised stock exchange under the Income Tax Act 2007 (ITA).
The designation extends to the entire Gibraltar Stock Exchange and is a significant development that allows GSX to expand its services and offering to issuers.
In particular, HMRC recognition extends eligibility to the UK SIPPs and ISAs market for GSX-listed securities.
The decision follows recognition of GSX by ESMA in January 2015 and the Cayman Islands Monetary Authority (CIMA) in March 2015.
Nick Cowan (pictured), managing director of GSX, says: “GSX’s
The Chicago Board Options Exchange (CBOE) is planning to launch options on the FTSE Emerging Index on 26 September 2016.
The FTSE Emerging Index is a market-capitalisation weighted index representing the performance of large and mid-cap companies from advanced and secondary emerging markets.
The FTSE Emerging Index (FTEM) includes approximately 972 securities from 22 countries, as of 31 August 2016, and covers a range of industries, from commodities to banking to technology.
The index is derived from markets within the FTSE Global Equity Index Series (GEIS), which gives investors a comprehensive way to measure the performance of the
Dynamic Credit, an alternative fixed income asset management and advisory firm, has selected ClearStructure Financial Technology's portfolio management solution, Sentry PM, to support its growing ABS and corporate credit business.
Dynamic Credit was using an in-house built solution to monitor and manage their portfolios.
Sentry PM's ability to grow and scale along with Dynamic Credit was an attractive component in addition to Sentry's connection to their current data providers.
The implementation of Sentry PM will deliver further efficiency, transparency and control to Dynamic Credit's front, middle, and back office operations.
Sentry PM's coverage of alternative fixed income
Object Trading, a provider of global, multi-asset trading infrastructure, is the first vendor providing market access to the Australian Securities Exchange (ASX) to have conformed to the upgraded ASX 24 (futures) New Trading Platform (NTP) from Cinnober, due to go live in early 2017.
ASX 24 market participants need to connect to the NTP in order to continue trading.
Object Trading says clients using its Direct Market Access (DMA) Platform can adapt to the NTP upgrade with ease.
Managing the technological and business changes that are needed with each exchange update is a considerable challenge. By connecting to venues
Financial services provider SS&C Technologies has acquired Wells Fargo Global Fund Services, a provider of administration, middle-office, operations and cash/collateral management services to alternative investment managers. The terms of the deal have not been revealed.
Wells Fargo GFS administers more than USD42 billion in alternative assets, covering a wide range of complex strategies traded by global portfolio managers including fixed income; credit; distressed; structured credit; macro; equity; commodities; CDO; CLO; private equity; private debt; real estate and hybrid structures. Wells Fargo’s fund administration business services its clients through its global network of offices in Hong Kong, London, New York, Minneapolis
There are five ways to improve the impact of your hedge fund pitch book with institutional allocators, according to JD David (pictured), partner and chief operating officer at Meyler Capital.
David says: “We produce a fair amount of marketing collateral… and in the process have exposure to a lot of manager material. While one can argue whether or not a ‘right’ or ‘wrong’ approach exists to building a marketing deck, there is a compelling case to be made that there is definitely a ‘better’ and ‘worse’.
“In conversations with allocators, the deck’s primary purpose is to address some very
The Gemini Companies’ affiliate Gemini Alternative Funds has completed a software integration with IASG Alternatives.
As part of a strategic relationship, prospective Gemini Alt investors will have access to the IASG Alternatives managed futures database without leaving Gemini Alt’s Galaxy Plus managed account portal.
IASG’s database will allow Gemini investors to be able to combine investment choices, adjust notional funding levels, and view correlations between advisers.
“Our strategic relationship combines the broad array of alternative strategies offered through the Gemini Alt managed account platform with the portfolio-building experience and technology of IASG’s managed futures database, and delivers all
McKay Brothers International (MBI) has reduced transatlantic latency on its Quincy Extreme Data (QED) service to the lowest available for financial market data services.
QED’s new transatlantic fibre capability combined with McKay’s extremely low latency microwave on land in the US and across Europe sets a new speed benchmark for market data services.
The QED service is operating between Aurora, Illinois and Europe at one-way speeds of: to Slough-LD4, 34.619 milliseconds (ms); to Frankfurt-FR2, 36.917 ms; and to Marseilles, 41.444 ms.
“We are thrilled to reduce latency while dramatically expanding QED’s transatlantic content,” says MBI managing director Francois
SimCorp, a provider of investment management solutions and services for the global financial services industry, has enhanced its partnership with FX Connect to provide SimCorp Dimension users with full foreign exchange netting capabilities.
SimCorp leverages FX Connect’s cross-currency netting capabilities to enable its clients to block, net and subsequently compress large, multi-currency, multi-value date blotters.
FX Connect also provides a full suite of flexible execution options tailored to the asset management community.
With seamless integration to the Order Manager module of SimCorp’s Dimension, SimCorp’s clients have an automated end-to-end FX execution process, which allows them to create operational
Colt has become a market data provider for the Tokyo Commodity Exchange (TOCOM), with the service set to launch alongside the scheduled migration of TOCOM’s derivatives trading to the J-GATE trading system operated by Japan Exchange Group.
Firms with trading infrastructure will be able to access ultra-low-latency TOCOM ITCH market data in raw format for all TOCOM products, including its key gold, rubber and oil contracts.
They can also take advantage of a full range of connectivity and colocation services provided by Colt, including the Colt PrizmNet financial extranet, ultra-low-latency network services, and MarketPrizm Premium Colocation.
The migration of TOCOM trading to the J-GATE trading system will make it easier for local and international traders to trade Japanese commodities products
